Dow Jones Elliott Wave Analysis (22/10/2011)

This is my interpretation using Technical Analysis and Elliott Wave Theory to look at financial markets. Elliott wave is my preferred tool when looking at the stock market, I believe that it can work to reflect the "psychology" of the market quite accurately.

My Historical Elliott Wave Analysis:
http://www.youtube.com/watch?v=wZAFZDWUCGE

Bill's Elliott Wave Channel:
http://www.youtube.com/user/T1systems


This video should NOT be taken as investment or trading advice.

Category:

Education

Tags:

• FTSE
• 100
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• Wave
• Theory
• Robert
• Prechter
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• S&P
• 500
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[optionsupdate]

nice to see you back, I am Levin from wallstreet1928.ning

[Andronichuk]

@optionsupdate Hey Levin... well I will try post things from time to time, but it does take a lot of time to dedicate to maintaining it.

How is the old place doing? Hope your all well

[xyzuth]

I agree with your long term count but I disagree with your short term count. I expect we go to 1375 and then pullback to 1100zone before we make our ascent to challenge 2007 highs.

[chbs4122]

This latest count has been proven wrong, but you have very sound logic and hind sight is always better than foresight. I appreciate your work...thanks

[lizadfuel]

I think you make a sound case! Any significant down move in the markets will bring on more creation of money thru the printing press which should inflate the economy.

[rchongsf]

Very credible count,thank you so much for sharing.Now that iv has gone above i,what would you propose?

[me7md]

thank u very much for great video

[T1systems]

@Andronichuk Hi Max...in the grand scheme of things we agree (as usual). We even have the same "(B)" wave labeled in progress, and ultimately our counts end up more or less in the same place. I also concur that B's in general are tough to count, but that said, knowing that we are likely in a B wave is valuable info: probably a good time to play it a bit safe. I see some problems shorter term in your count, but I have problems with my own count too! Anyway, nice job. Mostly we agree.

[grimgrom2]

Think your big count probably correct, looks like a 4th wave since 2000 on one scale or another, though you label the top: 0? But your recent count with the 50+% retracement 4th wave looks wrong to me. I humbly suggest the likelyhood we finished 'a' with a failed 5th and that wave 'b' is already underway? Am expecting a pullback early in week, but think 'b' will climb higher before 'c' begins? Nevertheless, good insightful video thank you.

[optionsupdate]

@Andronichuk i dont use the chat room anymore i post stuff on blog, ws runs a subscription service so i think most of the action is there. you remember the bbc program about trrading on bbc2 "million dollar traders" the chap in the show runs seminars , i went to one at kings college london, free 2 hour seminar, instutrade

[slyj27]

What charting system are you using?

[radiantinred]

This count has two main things in its favour.

1. The bullish count in the US$ index would lead to the shorter term fall in the indices

2. The longer term rise in the indices could well fit in with further QE.